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When an enterprise encounters financial difficulties it leads to uncertainty, not just for the enterprise and its managers and owners but for staff, creditors and other invested parties as well. If restructuring of the enterprise is not an option, it is important that the winding up of the enterprise is handled correctly and with minimal losses for all parties involved.

Bech-Bruun has many years' experience with all types of insolvency law issues and with assisting enterprises of all sizes and in all industries. Over the years we have been involved in some of the very largest restructurings and bankruptcies in Denmark. 

As tempo and expertise are decisive factors in a restructuring process, we work with external parties and experts from other business areas on raising the capital, managing power, crisis management, etc., necessary to reach the goal; a solution that will ensure continued operation of the enterprise and/or the best possible cover of the creditors' outstanding accounts.   

We always work to ensure the best possible realisation of assets – either through collective sale of the viable parts of the enterprise or sale of assets, and always on the best possible terms. We work on the basis of the premise that any type of insolvency process must be conducted in the best possible manner for the involved parties.

Our advisory services include:

  • Representation of creditors in connection with distressed loans or recovery of business receivables
  • Out-of-court restructuring in the form of agreements with central parties (e.g. banks)
  • Conducting restructuring proceedings at the Bankruptcy Court
  • Trustee's administration of bankruptcy estates
  • Legal proceedings in this connection, for instance in relation to D&O liability, issues relating to charges and guarantees, avoidance, examination of claims, etc.
  • Advising on tax implications of composition, restructuring, etc.

We always work in close cooperation with the enterprise's management, owners, creditors and other involved parties to reach the best possible solution for all. We have assisted in establishing a sustainable basis of existence for many enterprises in financial distress. Bech-Bruun is one of Denmark's leading law firms with legal experts in all relevant practice areas. We have access to expert knowledge whenever it is required.

We often cooperate with our experts in the areas of, for instance, Financing, Real Estate & Construction, Labour and Employment Law and Dispute Resolution.

We have an extensive international network at our disposal.

Insolvency & Restructuring

Restructuring & Insolvency


What the team is known for
Esteemed and well-resourced practice that regularly assists domestic and international creditors with a range of bankruptcy and insolvency issues, including debt collection. Acts on in-court restructuring mandates through which insolvent companies negotiate compositions with creditors. Assists with the administration of estates, including the sale of businesses as going concerns, or liquidates companies' assets through formal insolvency proceedings. Handles bankruptcy matters in a broad range of sectors including TMT, construction and energy.

One client highlights the lawyers' consistent high quality of service, stating:"They are one of the leading firms in Denmark and you can be quite sure to get very professional assistance when you work with them. All the work I have done with them has been very good every time."

Another interviewee adds: "They are extremely skilled and nice to work with."

Work highlights
Acted as trustee for Jysk Maskincenter during its sale and subsequent bankruptcy proceedings.

Notable practitioners
Anders Hoffmann Kønigsfeldt regularly acts as appointed trustee on bankruptcies spanning a range of industries. One client states: "He is extremely dedicated to the task when he works and he is an achiever."

Jørgen Hauschildt is described by sources as "strong in insolvency." He advises on company restructurings, creditor arrangements and estate administration.

Michael Serring is best known for his strength in insolvency litigation advising distressed companies, creditors and other parties in disputes. He also regularly acts as trustee for bankruptcy estates.

Troels Tuxen is known for his work on restructurings and creditor arrangements, serving domestic as well as international clients. He also regularly acts as trustee for bankruptcy estates.

Chambers and Partners Europe, Restructuring/Insolvency

Restructuring & Insolvency


Troels Tuxen wins respect for his wide-ranging expertise, including in the administration of bankruptcy estates, restructuring and insolvency litigation matters. He is described as a "very skilled negotiator and moderator."


Carsten Ceutz is "extremely well qualified in his field," according to clients, and is noted for his experience as a liquidator and restructuring and bankruptcy administrator. He was the lead partner advising Bristen Gruppen on its bankruptcy proceedings.


Michael Serring specialises in insolvency matters, focusing primarily on debt collection, distressed securities and litigation. He has particular expertise in advising on limited partnerships.


Erik Malberg is a "great lawyer - he impresses me every time we work with him." He specialises in bankruptcy issues, particularly asset sales and administration of company charges and receivables.

Chambers and Partners Global, Restructuring/Insolvency

Insolvency & Restructuring

In the Danish market Bech-Bruun is recognised for its strong M&A and projects teams. It also boasts of a very credible banking and restructuring and insolvency offering. 

The firm’s restructuring team often represents debtors and creditors on a mix of formal restructurings, distressed acquisitions and insolvency proceedings. 

A key staffing change during the research period saw partner Søren Meisling retire from the M&A team after over four decades at the firm. In the restructuring and insolvency space, partner Søren Christensen Volder joined from Lindhardt Steffensen, while Simon Lagrelius moved to Poul Schmith. 

Recent Deal Data highlights 

  • Axcel acquisition of majority stake in Phase One
  • Energinet DKr1.8 billion acquisition of GasNet
  • Maersk Drilling Nasdaq Copenhagen IPO
  • Nord Stream 2
  • Teradyne €121 million acquisition of Mobile Industrial Roots
  • Total $7.45 billion acquisition of Maersk Oil & Gas
  • Total acquisition of Chevron’s 12% interest in Danish Underground Consortium
  • Vineyard 800MW wind farm

Client feedback

"High quality and swift service." – Restructuring and insolvency

IFLR1000, Restructuring and insolvency


Ranked: tier 1

Bech-Bruun acts as trusty of bankruptcy estates, liquidator and restructuring administrator. The practice assists with negotiations with banks and other creditors, verifies charges and prepares restructuring plans. The firm assists with tax aspects and carries out distressed M&A transactions. The team is also experienced in advising creditors on the recovery of lent capital. Troels Tuxen is experienced in advising on cross-border insolvencies. The firm also advises on new business management and ownership structures and acts for insolvent companies in court cases regarding liquidation. Practice head Morten Krogsgaard is the practice head.

Legal 500, Insolvency


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